Bill Status of HB 3400   95th General Assembly

Short Description:  PENS CD-BDS-FINANCL EXPERIENCE

House Sponsors
Rep. Elaine Nekritz

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-127from Ch. 108 1/2, par. 2-127
40 ILCS 5/2-129from Ch. 108 1/2, par. 2-129
40 ILCS 5/3-128from Ch. 108 1/2, par. 3-128
40 ILCS 5/4-121from Ch. 108 1/2, par. 4-121
40 ILCS 5/5-178from Ch. 108 1/2, par. 5-178
40 ILCS 5/6-174from Ch. 108 1/2, par. 6-174
40 ILCS 5/7-174from Ch. 108 1/2, par. 7-174
40 ILCS 5/8-192from Ch. 108 1/2, par. 8-192
40 ILCS 5/9-185from Ch. 108 1/2, par. 9-185
40 ILCS 5/11-181from Ch. 108 1/2, par. 11-181
40 ILCS 5/12-156from Ch. 108 1/2, par. 12-156
40 ILCS 5/13-701from Ch. 108 1/2, par. 13-701
40 ILCS 5/14-134from Ch. 108 1/2, par. 14-134
40 ILCS 5/15-159from Ch. 108 1/2, par. 15-159
40 ILCS 5/16-163from Ch. 108 1/2, par. 16-163
40 ILCS 5/17-137from Ch. 108 1/2, par. 17-137
40 ILCS 5/18-135from Ch. 108 1/2, par. 18-135
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Illinois Pension Code. Makes changes concerning the composition of the boards of trustees of the retirement systems and pension funds. Provides for appointment to the boards of trustees of members who do not hold any other public office, who are not participants in the fund, and who have a minimum of 5 years of experience in the direct management, analysis, supervision, or investment of assets. Requires that all members of the boards of trustees who do not have a minimum of 5 years of experience in the direct management, analysis, supervision, or investment of assets must undergo annual financial training. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

House Amendment No. 1
Deletes reference to:
40 ILCS 5/2-127from Ch. 108 1/2, par. 2-127
40 ILCS 5/2-129from Ch. 108 1/2, par. 2-129
40 ILCS 5/3-128from Ch. 108 1/2, par. 3-128
40 ILCS 5/4-121from Ch. 108 1/2, par. 4-121
40 ILCS 5/5-178from Ch. 108 1/2, par. 5-178
40 ILCS 5/6-174from Ch. 108 1/2, par. 6-174
40 ILCS 5/7-174from Ch. 108 1/2, par. 7-174
40 ILCS 5/8-192from Ch. 108 1/2, par. 8-192
40 ILCS 5/9-185from Ch. 108 1/2, par. 9-185
40 ILCS 5/11-181from Ch. 108 1/2, par. 11-181
40 ILCS 5/12-156from Ch. 108 1/2, par. 12-156
40 ILCS 5/13-701from Ch. 108 1/2, par. 13-701
40 ILCS 5/14-134from Ch. 108 1/2, par. 14-134
40 ILCS 5/15-159from Ch. 108 1/2, par. 15-159
40 ILCS 5/16-163from Ch. 108 1/2, par. 16-163
40 ILCS 5/17-137from Ch. 108 1/2, par. 17-137
40 ILCS 5/18-135from Ch. 108 1/2, par. 18-135
30 ILCS 805/8.31 new
Adds reference to:
40 ILCS 5/1-101.1from Ch. 108 1/2, par. 1-101.1

Replaces everything after the enacting clause. Amends the Illinois Pension Code. Makes a technical change in a Section concerning definitions.

Actions 
DateChamber Action
  2/26/2007HouseFiled with the Clerk by Rep. Elaine Nekritz
  2/26/2007HouseFirst Reading
  2/26/2007HouseReferred to Rules Committee
  3/1/2007HouseAssigned to State Government Administration Committee
  3/21/2007HouseHouse Amendment No. 1 Filed with Clerk by State Government Administration Committee
  3/21/2007HouseHouse Amendment No. 1 Adopted in State Government Administration Committee; by Voice Vote
  3/21/2007HouseMotion Do Pass as Amended - Lost State Government Administration Committee; 005-005-000
  3/21/2007HouseRemains in State Government Administration Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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